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If a five-year, $1,000 bond with a 5% coupon rate is trading at a YTM of 5%, it is trading _____ A. at par B.
If a five-year, $1,000 bond with a 5% coupon rate is trading at a YTM of 5%, it is trading _____
| A. | at par | |
| B. | at a discount | |
| C. | cannot be determined | |
| D. | at a premium |
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Corporate Finance
Authors: Stephen Ross, Randolph Westerfield, Jeffrey Jaffe
13th Edition
1260772381, 978-1260772388
